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Registering a company in the Cayman Islands involves several key steps, ensuring a smooth process for both local and international businesses. Here's an outline of the procedure:

1. Choose a Company Type: The most common types of companies in the Cayman Islands are Exempted Companies, which are typically used for international business. Determine the company structure that best suits your business needs.

2. Select a Registered Agent: All companies in the Cayman Islands must appoint a licensed registered agent. The agent helps with the registration process and serves as the official point of contact for legal and governmental matters.

3. Prepare Documentation: Required documents include the company's name, the details of its directors and shareholders, and the registered office address. The Memorandum and Articles of Association need to be drafted.

4. File with the Cayman Islands Registrar of Companies: Submit the necessary documentation and pay the registration fees. This includes the company’s formation documents, which are reviewed by the Registrar.

5. Obtain Business Licenses: Depending on the type of business, you may need specific licenses or permits to operate legally in the Cayman Islands.

6. Compliance with Ongoing Requirements: After company registration in Cayman Islands, ensure compliance with local regulations, including annual filings, audits, and the payment of annual fees.

The process is straightforward but requires the guidance of a licensed agent for efficiency.